Iput Real Estate (IPUT) has received planning permission to deliver an additional 12 units, extending to 1.7 million ft2 at the Nexus Logistics Park in Dublin.
Iput now has permission to build a total of 2.5 million ft2 across 17 buildings which will be delivered to the highest sustainability standard including BER A2 and LEED Gold. Each building can be delivered with a glue-laminated timber frame which offers 27% less embodied carbon than steel and includes the potential for achieving Net Zero Carbon construction.
Other sustainable design features include roof mounted solar panels, high-efficiency LED lighting systems, rainwater harvesting systems and advanced building envelope to improve thermal performance. Nexus Logistics Park is located at the Cherryhound Interchange of the M2 motorway, adjacent to Dublin’s M50 and close to Dublin airport.
The development of Nexus follows the recent completion of the 550,000 ft2 Quantum Logistics Park where its four units are let to global occupiers Maersk, DHL and Harvey Norman.
Iput’s current logistics portfolio comprises 3.2 million ft2, across 32 buildings; and will increase to close to 6 million ft2 upon completion of Nexus.
Michael Clarke, Chief Investment Officer, Iput Real Estate, commented: 'Our ambition is for Nexus to be one of the most sustainable logistics parks in Europe. Following the successful delivery of Quantum Logistics Park, which includes Ireland’s first net zero logistics building, our investment in Nexus supports a greener economy while providing amenities that serve both our occupiers and the local community.'
Iput has appointed CBRE and Harvey as joint letting agents.
